Lactic Acid and Poly Lactic Acid PLA

Lactic Acid and Poly Lactic Acid PLA Market Outlook

The global lactic acid and poly lactic acid (PLA) market is poised for significant growth, projected to reach approximately USD 10.89 billion by 2025, with a compound annual growth rate (CAGR) of around 11.0% from 2025 to 2035. This surge in the market can be primarily attributed to the increasing demand for biodegradable and eco-friendly materials in various industries, including packaging and textiles. The growing emphasis on sustainability, coupled with stringent regulatory measures against plastic waste, is driving manufacturers and consumers alike to seek alternatives such as lactic acid and PLA. Additionally, the rising awareness regarding the health benefits of lactic acid in food applications is further propelling market growth. Innovations in production technologies are also expected to enhance the efficiency of lactic acid production, making it a more viable option for various applications.

Growth Factor of the Market

The growth of the lactic acid and PLA market is largely driven by an increasing inclination towards sustainable and biodegradable products across multiple sectors. As consumers become more environmentally conscious, the demand for biodegradable plastics and polymers is on the rise. Lactic acid, being a versatile compound, can be derived from renewable resources, which appeals to both manufacturers and consumers seeking eco-friendly alternatives. Additionally, advancements in technology have facilitated more efficient production processes, leading to reduced costs and increased output, thus further fueling market expansion. The expansion of the food and beverage industry, where lactic acid serves as a preservative and flavoring agent, is another significant contributor to market growth. Furthermore, governmental initiatives to promote the usage of biodegradable materials in industrial applications are also expected to positively impact the market landscape.

Key Highlights of the Market

• The global lactic acid market is projected to reach USD 10.89 billion by 2025.
• PLA is increasingly favored in packaging due to its biodegradable properties.
• Growth in the food and beverage industry significantly contributes to lactic acid demand.
• Technological advancements are reducing production costs and enhancing efficiency.
• Regulatory pressures are driving industries towards sustainable material alternatives.

By Product Type

Lactic Acid:

Lactic acid is a key organic acid used across various industries, primarily known for its role as a preservative and a food additive. Its ability to act as a natural preservative makes it a preferred choice in the food and beverage sector. The lactic acid market is also witnessing an increase in demand due to its applications in the pharmaceutical and cosmetic industries, where it is utilized for its skin-friendly properties. The growing trend of natural ingredients in personal care products is further bolstering the usage of lactic acid. Additionally, the rise of plant-based diets has contributed to a higher consumption of lactic acid in food products, driving its market growth. With the increasing focus on sustainable practices, lactic acid produced from renewable resources is gaining traction, enhancing its market prospects.

Poly Lactic Acid PLA:

Poly Lactic Acid (PLA) is a biodegradable polymer derived from renewable resources such as corn starch or sugarcane. The demand for PLA is surging due to its ability to decompose under industrial composting conditions, thus offering a sustainable alternative to conventional plastics. PLA is widely utilized in packaging applications, particularly in the food industry, as it helps reduce environmental impact while maintaining product integrity. Its application is also expanding into the textile sector, where it is used to produce fibers for clothing, thereby promoting sustainable fashion initiatives. The growing concern over plastic pollution is driving manufacturers to replace traditional plastics with PLA in various applications, further propelling its market growth. The favorable regulatory environment supporting biodegradable products is also expected to enhance the acceptance and utilization of PLA in multiple sectors.

By Application

Biodegradable Polymers:

Biodegradable polymers are increasingly gaining traction in the market, primarily due to the rising awareness regarding environmental sustainability and the harmful effects of conventional plastics. Lactic acid and PLA serve as key components in the development of biodegradable polymers, making them highly sought after across various industries. These polymers are widely used in packaging, agricultural films, and disposable items, aligning with the global shift towards sustainable practices. The increasing demand for eco-friendly solutions in packaging applications is significantly bolstering the market for biodegradable polymers, as they offer a compelling alternative that addresses both consumer preferences and regulatory pressures. The continuous advancements in biodegradable materials are expected to further enhance their performance and expand their applications, propelling market growth.

Food & Beverages:

The food and beverage sector is one of the prominent applications for lactic acid, primarily due to its preservative qualities and ability to enhance flavors. Lactic acid serves as a natural preservative, helping to extend the shelf life of various products while maintaining their quality. The growing trend of clean-label products is driving manufacturers to incorporate lactic acid into their formulations, as consumers increasingly seek products with natural ingredients. Moreover, the rising demand for fermented foods and beverages, which rely on lactic acid bacteria, is further augmenting the market. As the food industry continues to prioritize health and sustainability, lactic acid's role in enhancing food safety and flavor profiles is expected to significantly contribute to its market growth.

Personal Care:

The personal care industry is witnessing a rising trend towards the incorporation of natural and organic ingredients in products, which is significantly benefiting the lactic acid market. Lactic acid is widely used in cosmetics for its natural exfoliating properties, helping to improve skin texture and tone. As consumers become more conscious of the ingredients in their personal care products, the demand for lactic acid-based formulations is on the rise. The versatility of lactic acid allows it to be included in a wide range of products, including moisturizers, cleansers, and anti-aging creams. Additionally, the trend of cruelty-free and vegan products is further propelling the utilization of lactic acid, as it is derived from plant sources, aligning with consumer preferences for ethical and sustainable choices.

Pharmaceuticals:

In the pharmaceutical sector, lactic acid is gaining recognition for its multiple applications, including its role as a pH regulator and preservative in various formulations. The compound is utilized for its biocompatibility and biodegradability, making it suitable for drug delivery systems and other medical applications. The continuous advancements in pharmaceutical technologies are leading to increased usage of lactic acid in creating innovative drug formulations. Furthermore, the rising prevalence of chronic diseases is driving the demand for effective therapeutic solutions, thereby enhancing the market for lactic acid in pharmaceuticals. The focus on developing biodegradable materials for medical applications is also expected to create new opportunities for lactic acid, as the industry seeks to reduce environmental impact while ensuring patient safety.

Others:

In addition to the aforementioned applications, lactic acid and PLA are finding their way into various other sectors, including agriculture and electronics. In agriculture, lactic acid is used in soil amendments and as a biopesticide, contributing to sustainable farming practices. The electronics industry is also exploring the use of PLA in the production of biodegradable components, aligning with global sustainability goals. With the increasing focus on reducing plastic waste and finding alternatives, the versatility of lactic acid and PLA is expected to open new avenues in diverse applications, driving market growth in these segments. As industries continue to innovate and shift towards more sustainable practices, the demand for lactic acid and PLA will likely expand across various sectors.

By Distribution Channel

Online Stores:

Online stores have emerged as a vital distribution channel for lactic acid and PLA products, providing convenience and a broad range of options to consumers. The increasing penetration of the internet and the rise of e-commerce have transformed the way consumers shop for various products, including chemicals and biodegradable materials. Online platforms offer detailed product information, competitive pricing, and customer reviews, making it easier for buyers to make informed decisions. Moreover, the global pandemic has accelerated the shift towards online shopping, leading to increased sales of lactic acid and PLA products through digital channels. As consumers continue to embrace e-commerce, online stores are expected to play an increasingly significant role in the distribution of lactic acid and PLA products, driving market growth.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets remain a traditional yet effective distribution channel for lactic acid and PLA products, especially in the food and beverages sector. These retail giants offer consumers the convenience of purchasing a variety of products under one roof, including those containing lactic acid and PLA. The extensive reach and established brand recognition of supermarkets enhance consumer trust and foster brand loyalty. Additionally, the rising trend of clean-label products in supermarkets is encouraging manufacturers to promote their lactic acid-based offerings, catering to the growing demand for healthier and more sustainable options. As consumer preferences shift towards environmentally friendly products, supermarkets and hypermarkets will continue to be essential channels for distributing lactic acid and PLA products.

Specialty Stores:

Specialty stores are gaining traction in the distribution of lactic acid and PLA products, particularly for niche markets that prioritize organic and natural ingredients. These stores focus on providing high-quality products tailored to specific consumer needs, which resonates with the rising demand for clean-label and sustainable options. Specialty stores often emphasize the benefits of lactic acid and PLA in various applications, educating consumers and enhancing brand loyalty. Furthermore, as the demand for eco-friendly products continues to grow, specialty stores are likely to expand their offerings of lactic acid and PLA products, responding to consumer preferences for sustainability. This shift is expected to contribute positively to market growth, as more consumers seek out specialty retailers for their eco-conscious purchases.

Others:

Other distribution channels for lactic acid and PLA products include pharmacies, health stores, and industrial suppliers. Pharmacies and health stores often stock lactic acid-based supplements and personal care items, catering to health-conscious consumers seeking natural alternatives. Industrial suppliers play a crucial role in providing lactic acid and PLA for manufacturing processes across various sectors, including packaging and textiles. As industries continue to innovate and seek sustainable materials, the role of industrial suppliers in distributing lactic acid and PLA products will become increasingly significant. The diversification of distribution channels is expected to enhance market accessibility and cater to a broader range of consumer preferences, further driving the growth of the lactic acid and PLA market.

By Ingredient Type

Natural Lactic Acid:

Natural lactic acid, derived from renewable resources like corn or sugarcane, is gaining popularity due to its eco-friendly characteristics. As consumers increasingly opt for natural ingredients in food and personal care products, the demand for natural lactic acid is witnessing a significant increase. It is widely utilized in food applications as a preservative and flavor enhancer, aligning with consumer preferences for clean-label products. The natural sourcing of lactic acid also appeals to the cosmetic industry, where it is valued for its skin-friendly attributes. The shift towards sustainability in various sectors is further propelling the demand for natural lactic acid, as manufacturers seek to incorporate more environmentally friendly ingredients into their formulations. This trend is expected to create substantial growth opportunities for natural lactic acid in the coming years.

Synthetic Lactic Acid:

Synthetic lactic acid is produced through chemical processes and is commonly used in various industrial applications. While the demand for natural products is rising, synthetic lactic acid still plays a crucial role in the market, particularly in sectors where cost-effectiveness and scalability are essential. The versatility of synthetic lactic acid allows its incorporation into numerous applications, from biodegradable plastics to pharmaceuticals. Its production can be optimized for large-scale manufacturing, making it a preferred choice for many industrial applications. Additionally, as technology advances, the production processes for synthetic lactic acid are becoming increasingly efficient, further supporting its market presence. The continued demand for diverse applications will likely sustain the growth of synthetic lactic acid in the foreseeable future.

Raw PLA Resin:

Raw PLA resin is a primary product derived from lactic acid and is a fundamental component in the production of biodegradable plastics. The growing emphasis on sustainability and reducing plastic waste is driving the demand for raw PLA resin, as it offers a viable alternative to conventional plastics. Raw PLA resin is widely utilized in packaging applications, consumer goods, and textiles, aligning with the global trend of eco-consciousness. The ability of raw PLA resin to decompose under appropriate conditions makes it highly attractive to manufacturers seeking to reduce their environmental footprint. Furthermore, advancements in PLA processing technologies are enhancing the performance characteristics of raw PLA resin, making it suitable for a wider range of applications. This is expected to further bolster its market growth as industries strive to meet sustainability goals.

Modified PLA Resin:

Modified PLA resin is created through various techniques to enhance the properties of standard PLA, making it suitable for diverse applications. The modification process improves characteristics such as durability, heat resistance, and flexibility, expanding the potential uses of PLA in industries such as automotive, electronics, and packaging. As consumers demand higher-quality biodegradable materials, the need for modified PLA resin is on the rise, as it addresses the limitations of standard PLA. Manufacturers are increasingly investing in research and development to optimize modified PLA formulations to meet specific industry requirements. This trend is expected to drive the growth of modified PLA resin in various applications, as industries look for sustainable alternatives without compromising on performance. The market for modified PLA is anticipated to expand significantly as innovation continues in this area.

Others:

Other ingredient types in the lactic acid and PLA market include various additives and blends designed to enhance the performance of lactic acid-based products. These additives may include plasticizers, colorants, and stabilizers that improve the physical and aesthetic properties of biodegradable materials. The incorporation of these specialized ingredients allows manufacturers to tailor their products to meet specific performance criteria and consumer preferences. As the market for biodegradable products continues to grow, the demand for innovative ingredient formulations will likely increase, driving the development of new blends and additives. Manufacturers are expected to focus on creating unique product offerings that cater to the diverse needs of consumers and industries, further expanding the market for lactic acid and PLA products.

By Region

The Asia Pacific region is expected to dominate the lactic acid and PLA market, driven by rapidly growing economies such as China and India. With a projected CAGR of around 12.5%, the region's increasing industrialization and urbanization are leading to higher demand for biodegradable products across various sectors, including packaging and textiles. The favorable regulatory environment supporting the use of sustainable materials is also contributing to the growth of the lactic acid and PLA market in Asia Pacific. As consumer awareness regarding environmental issues rises, the shift towards biodegradable alternatives is becoming increasingly prominent, driving the demand for lactic acid and PLA products in the region. The continuous expansion of the food and beverage industry within this region further propels the market, as lactic acid is extensively used as a preservative and flavoring agent.

North America is projected to hold a significant share of the lactic acid and PLA market, owing to the region's increasing focus on sustainability and eco-friendly practices. The demand for biodegradable materials in the packaging and personal care sectors is driving growth in this region. Additionally, the presence of key players and innovators in the lactic acid and PLA market is fostering technological advancements and product development. Europe is also witnessing robust growth in the lactic acid and PLA market, driven by stringent regulations regarding plastic waste and the strong emphasis on reducing the environmental impact of products. The convergence of consumer preferences and regulatory measures is expected to create a supportive environment for the growth of lactic acid and PLA in both North America and Europe, as these regions continue to prioritize sustainable solutions.

Opportunities

The lactic acid and PLA market presents numerous opportunities for growth, particularly in light of the increasing global commitment to sustainability. As industries and consumers alike seek to reduce their environmental footprints, the demand for biodegradable alternatives to conventional plastics is likely to rise. This shift presents manufacturers with the opportunity to innovate and develop new formulations and products that leverage the benefits of lactic acid and PLA. For instance, creating tailored solutions for specific applications, such as packaging, textiles, and disposable items, can help companies meet the evolving needs of consumers and tap into new market segments. Additionally, expanding production capabilities and improving scalability through advancements in technology can further enhance the market potential for lactic acid and PLA, enabling manufacturers to respond efficiently to growing demand.

Moreover, the rising trend of plant-based and organic products in the food and personal care industries presents a lucrative opportunity for lactic acid and PLA. As consumers increasingly prioritize natural ingredients, manufacturers can capitalize on this trend by incorporating lactic acid into their formulations and highlighting its benefits. Furthermore, partnerships and collaborations between companies in the lactic acid and PLA space and those in the food, packaging, and personal care sectors can lead to innovative product developments and broaden market reach. The continuous exploration of new applications and markets for lactic acid and PLA will further drive growth, as industries seek sustainable alternatives to traditional materials.

Threats

Despite the promising growth prospects for the lactic acid and PLA market, several threats may hinder its expansion. One of the primary concerns is the competition from conventional petroleum-based plastics, which are often cheaper and more readily available. The low cost of traditional plastics can deter industries from investing in biodegradable alternatives, especially in price-sensitive markets. This competition poses a significant challenge for manufacturers of lactic acid and PLA products, as they must find ways to offer competitive pricing while maintaining product quality and performance. Furthermore, fluctuations in raw material prices, particularly for agricultural sources used in lactic acid production, can impact overall production costs and profitability for manufacturers in the market.

Additionally, the slow adoption of biodegradable materials in certain industries may pose a challenge to market growth. Some sectors may be hesitant to transition to alternative materials due to concerns regarding the performance and availability of biodegradable options. The lack of awareness and education about the benefits of lactic acid and PLA may also contribute to this resistance. Manufacturers will need to invest in marketing strategies and educational initiatives aimed at highlighting the advantages of lactic acid and PLA products to overcome these barriers and drive adoption. Finally, potential regulatory challenges, including changing policies related to biodegradable materials, could also impact the market, as companies must navigate varying regulations across different regions.

Competitor Outlook

• NatureWorks LLC
• Corbion N.V.
• Futerro S.A.
• Synlogic, Inc.
• Green Dot Bioplastics
• BioAmber Inc.
• Evonik Industries AG
• Purac Biomaterials
• Biopol Technologies
• Plantic Technologies
• Novamont S.p.A.
• Danimer Scientific, Inc.
• Eastman Chemical Company
• NatureWorks LLC
• Metabolix, Inc.

The competitive landscape of the lactic acid and PLA market is characterized by a diverse array of players, ranging from established industry leaders to emerging start-ups. Major companies such as NatureWorks LLC and Corbion N.V. are at the forefront, leveraging their technological expertise and extensive research capabilities to drive innovation in bioplastics. NatureWorks, for example, is renowned for its Ingeo brand of PLA products, which have found applications in various sectors, from packaging to textiles, due to their biodegradable properties. Corbion N.V. focuses on providing sustainable ingredients derived from renewable resources, positioning itself as a key player in the lactic acid market with a strong emphasis on sustainability and product quality.

Other notable players like Futerro and Synlogic are also making significant strides in the market by investing in research and development to enhance the performance of lactic acid and PLA products. Futerro, a joint venture between Total and Galactic, specializes in producing PLA from renewable sources and aims to expand its global presence. Meanwhile, Synlogic is exploring innovative applications for lactic acid in pharmaceuticals and beyond, contributing to the overall growth of the market. As competition intensifies, companies are increasingly collaborating with each other and with research institutions to explore new technologies and methodologies, driving advancements in lactic acid and PLA production processes.

Moreover, emerging players such as Danimer Scientific and Green Dot Bioplastics are gaining traction in the market by focusing on sustainable solutions and emphasizing transparency in their supply chains. Danimer Scientific, in particular, has developed its own patented biodegradable resin, Nodax, which has garnered attention for its potential applications in various industries. As these new entrants continue to innovate and challenge traditional practices, they are expected to play a vital role in shaping the future landscape of the lactic acid and PLA market. Overall, the competitive dynamics of the market are evolving, with companies striving to enhance their offerings and meet the growing demand for sustainable and biodegradable materials.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Corbion N.V.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Futerro S.A.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 BioAmber Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Synlogic, Inc.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Metabolix, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 NatureWorks LLC
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Novamont S.p.A.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Purac Biomaterials
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Biopol Technologies
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Evonik Industries AG
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Plantic Technologies
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Green Dot Bioplastics
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Danimer Scientific, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Eastman Chemical Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Lactic Acid and Poly Lactic Acid PLA Market, By Application
    • 6.1.1 Biodegradable Polymers
    • 6.1.2 Food & Beverages
    • 6.1.3 Personal Care
    • 6.1.4 Pharmaceuticals
    • 6.1.5 Others
  • 6.2 Lactic Acid and Poly Lactic Acid PLA Market, By Product Type
    • 6.2.1 Lactic Acid
    • 6.2.2 Poly Lactic Acid PLA
  • 6.3 Lactic Acid and Poly Lactic Acid PLA Market, By Ingredient Type
    • 6.3.1 Natural Lactic Acid
    • 6.3.2 Synthetic Lactic Acid
    • 6.3.3 Raw PLA Resin
    • 6.3.4 Modified PLA Resin
    • 6.3.5 Others
  • 6.4 Lactic Acid and Poly Lactic Acid PLA Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Supermarkets/Hypermarkets
    • 6.4.3 Specialty Stores
    • 6.4.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Lactic Acid and Poly Lactic Acid PLA Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Lactic Acid and Poly Lactic Acid PLA market is categorized based on

By Product Type

• Lactic Acid
• Poly Lactic Acid PLA

By Application

• Biodegradable Polymers
• Food & Beverages
• Personal Care
• Pharmaceuticals
• Others

By Distribution Channel

• Online Stores
• Supermarkets/Hypermarkets
• Specialty Stores
• Others

By Ingredient Type

• Natural Lactic Acid
• Synthetic Lactic Acid
• Raw PLA Resin
• Modified PLA Resin
• Others

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• NatureWorks LLC
• Corbion N.V.
• Futerro S.A.
• Synlogic, Inc.
• Green Dot Bioplastics
• BioAmber Inc.
• Evonik Industries AG
• Purac Biomaterials
• Biopol Technologies
• Plantic Technologies
• Novamont S.p.A.
• Danimer Scientific, Inc.
• Eastman Chemical Company
• NatureWorks LLC
• Metabolix, Inc.